Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: GROUND ZERO™ who wrote (23638)	8/16/2011 2:48:13 PM
From: KingHigh	Read Replies (2) of 219152

Up down up down OpEx week. Gotta give the MMs the chance to roll their options. I am long ES & partially hedged with puts (just in case), hoping to see 1220 sometime this week. I would feel better if I were in sync with one of your buy signals, but I gotta trade what I see and I think the low is in. (ocicbw) I am also long TBT for a hold. SnP now yielding higher than 10 yr. Methinks cash will flow out of bonds into stocks this fall. We'll see. I doubt Uncle Benny wants to start QE3 if the market is tanking, else the fed bashers will blame his policy. So maybe wait until market pivot is solid, then give QE and take the credit for causing growth? Who knows? Fed bashers will still complain. Either way, QE is on its way somehow.

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